Friday, 28 February 2014
28-Feb-2014 CSE Trade Summary
Following Stocks Reached New High / Low on 28/02/2014
Crossing - 28/02/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_972_28-02-2014.pdf
Top 10 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the week ending 28/02/2014
Company Fact Sheet: Commercial Development Company PLC - COMD:N0000
About the company:
Established: 1980 Quoted Date: 1983-01-01 Sector: Land & Property
Commercial Development Company PLC is a Sri Lanka-based company engaged in property development and the provision of utility services to the Commercial Bank of Ceylon PLC. Its services include rentals of premises, vehicle hiring and other utility services. The Company's property is named Commercial House Building, which is located at number 21, Sir Razik Fareed Mawatha (formerly known as Bristol Street), Colombo 01. As of December 31, 2011, the Company was a subsidiary of Commercial Bank of Ceylon PLC.
Chairman: Mr B.R.L. Fernando
Managing Director: Mr W.M.R.S. Dias
Board of Directors:
Mr A.L. Gooneratne
Mr A.T.P. Edirsinghe
Mr L.D.A Jayasinghe
Mr U.I.S. Tillakawardana
52 Weeks Low: 52.70 52 Weeks High: 89.90
Average Trading Volume: 884
Company Financial at a glance:
Click Table to Enlarge
Total shares in Issue: 12,000,000
Top 20 Shareholders as at 31/12/2013
The percentage of Shares held by the Public as at 31st December 2013 was 5.45%
Quote for the day
“Since investors are human and make mistakes, they're never 100% sure of their vision and whether or not their view is correct. So price adjustments take time as they fluctuate and a new consensus is formed in the face of changing market conditions and new facts. For some changes this consensus is easy to reach, but there are other events that take time to formulate a market view. It's those events that take time that form the basis of our profits.” - John W. Henry
Thursday, 27 February 2014
The Warren Buffett Method of 12!
Warren Buffett is Chairman of Berkshire Hathaway Inc., a USA holding company, with interests in several subsidiaries engaged in a number of diverse business activities.
Berkshire Hathaway Inc. also has holdings or owns several large private companies.
When Buffett invests, he sees a business whilst most investors see a stock price.
According to Buffett, the investor and the business person should look at the company in the same way, because they both want essentially the same thing.
The business person wants to buy the whole company and the investor wants to buy portions of the company.
Buffett believes that in the long run, the price of the stock should approximate the change in value of the business.
He believes it is foolish to use short-term prices to judge a company's success.
Instead, he lets his companies report their value to him by economic progress.
The Warren Buffett Method of 12:
1. Is the business simple and understandable?
2. Does the business have a consistent operating history?
3. Does the business have favourable long-term prospects?
4. Is management rational?
5. Is management candid with its shareholders?
6. Does management resist the institutional imperative?
7. Focus on return on equity, not earnings per share!
8. Calculate "owner earnings."
9. Look for companies with high profit margins.
10. For every dollar retained, make sure the company has created at least one dollar of market value.
11. What is the value of the business?
12. Can the business be purchased at a discount to its real value?
Source: http://www.greekshares.com/
Quote for the day
“Theory without practice cannot survive and dies as quickly as it lives... [but] he who loves practice without theory is like the sailor who boards ship without rudder and compass, and never knows where he may cast.” - Leonardo da Vinci
Wednesday, 26 February 2014
26-Feb-2014 CSE Trade Summary
Following Stocks Reached New Low on 26/02/2014
Crossing - 26/02/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_708_26-02-2014.pdf
Top 5 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the day
Company Fact Sheet: Kelani Tyres PLC - TYRE:N0000
About the company:
Established: 1991 Quoted Date: 1994-01-28 Sector: Manufacturing
Kelani Tyres PLC is a Sri Lanka-based tire manufacturer. The Company, along with its subsidiary, is engaged in the manufacture of tires and tubes locally, and the sale of such products locally and internationally. The Company imports tires of certain sizes to meet the market deficit, and manufactures cross ply rubber tires for trucks, buses and three-wheelers at its factories at Nagoda, Kalutara district and Kelaniya, Gampaha district. As of March 31, 2012, the Company had one wholly owned subsidiary KTL Executive Hire (Private) Limited.
Chairman: Mr Chanaka De Silva
Managing Director: Mr Rohan T. Fernando
Board of Directors:
Mr Lasantha P. Fernando (Executive Director)
Mr T. Bevan Perera (Executive Director)
Mr R.H.S. De Silva
Mr D.S. Kamantha Amarasekera
Mr S.S. Jayatilaka (Independent Non-Executive Director)
52 Weeks Low: 31.00 52 Weeks High: 57.00
Average Trading Volume: 12,390
Company Financial at a glance:
Click Table to Enlarge
Total shares in Issue: 80,400,000
Top 20 Shareholders as at 31/12/2013
The percentage of Shares held by the Public as at 31st December 2013 was 58.30%
Quote for the day
“Knowing when to "get a hunch and bet a bunch" is not so much a matter of luck. It is more a matter of hard work, intuition and experience, coupled with a dedicated focus on being in touch with the ebb and flow of markets from day to day. In other words, the hard work of being deeply in tune with markets — and justifying your convictions through constant interaction and hypothesis testing at lower risk levels — is precisely what fuels the winning combination of careful and conservative 90% of the time plus balls-out aggressive 10% of the time. You earn the right to swing, and just as importantly the insight as to when to swing, through consistency, diligence, and dedication.” - Jack Sparrow
Tuesday, 25 February 2014
25-Feb-2014 CSE Trade Summary
Following Stocks Reached New Low on 25/02/2014
Crossings - 25/02/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_279_25-02-2014.pdf
Top 5 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the day
Company Fact Sheet: First Capital Holdings PLC - CFVF:N0000
About the company:
Established: 1992 Quoted Date: 1994-08-22 Sector: Bank Finance & Insurance
First Capital Holdings PLC is engaged in venture capital investments. As of March 31, 2012, the Company had four subsidiaries and six affiliates. The Company's subsidiary, First Capital Limited, is engaged in investing in and managing of subsidiaries. First Capital Limited is the holding company of First Capital Treasuries, First Capital Asset Management and First Capital Markets. The Company's parent entity was PVIC Management Company Limited while its ultimate parent was Dunamis Capital PLC.
Chairman: Mr J.C.L De Mel
Ms M. Mathews
Mr D. Schaffter
Mr N.E. Rodrigo
Mr A.D.E.I. Perera
Ms M.D.A. Perera
Mr W.N.I.C. Fernando
52 Weeks Low: 10.80 52 Weeks High: 21.60
Average Trading Volume: 60,780
Company Financial at a glance:
Click Table to Enlarge
Notes:
1. On 17/08/2007 18,750,000 Ordinary Voting Shares were allotted pursuant to Rights Issue in the proportion of 5 for 4 at Rs. 10.00.
2. On 20/05/2010 sub division of existing shares in the proportion of 1:3 came into effective.
Total shares in Issue: 101,250,000
Top 20 Shareholders as at 31/12/2013
The percentage of Shares held by the Public as at 31st December 2013 was 29.32%
Quote for the day
“The stock market is neither efficient nor random. It is not efficient because there are too many poorly conceived opinions; it is not random because strong investor emotions can create trends.” - William O' Neill
Monday, 24 February 2014
24-Feb-2014 CSE Trade Summary
Following Stocks Reached New Low on 24/02/2014
Crossings - 24/02/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_25_24-02-2014.pdf
Top 5 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the day
Company Fact Sheet: Nawaloka Hospitals PLC - NHL:N0000
About the company:
Established: 1980 Quoted Date: 2004-09-09 Sector: Health Care
Nawaloka Hospitals PLC provides health and laboratory services. Nawaloka Hospitals PLC includes New Nawaloka Hospitals (Pvt) Ltd. and New Nawaloka Medical Centre (Pvt) Ltd., as subsidiaries, and Nawaloka Metropolis Laboratory as a joint venture. Nawaloka Serene Health Screening Centre offers a range of health screening packages. Each package is customized to suit age related problems. All packages include examination and advice by a consultant Physician. Special Packages include consultation with a specialist in the related field. Its services include Angiography, Audiology Clinic, Cardiac Units, Dementia Clinic, Dental Unit, Dexa scanning, Diabetes Screening, Doplar Scanning, Eacho Cardiography, Electromyography, Endoscopy, Haemodialysis Unit and Holter monitoring. Its medical packages include Andropause Check, Arthritic and joint pain package, Cardiac Screening, Carpal Tunnel Release, Classic Screening Package, Comprehensive Package, Dementia Package and Diabetic Screening.
Chairman: Mr J. Dharmadasa
General Manager: Mr L.G. Chandrasena
Mr R.T. Wijethileke
Mr T. De Zoysa
Mr U.H. Dharmadasa
Mr U.H. Dharmadasa
Ms A.G. Dharmadasa
Mr A. G. Dharmadasa
Mr T.K. Bandaranayake
Mr T.K. Bandaranayake
Mr D.S. Abeyratna
Mr T. Senthilverl (Non-Executive Director)
52 Weeks Low: 2.70 52 Weeks High: 3.50
Average Trading Volume: 261,730
Company Financial at a glance:
Click Table to Enlarge
Notes:
1. On 09/09/2004 45,000,000 Ordinary Voting Shares were listed pursuant to 15,000,000 Voting shares at Rs. 20.00 subscribed by public on an IPO.
2. In October 2004 Board of Directors decided to split 45,000,000 Ordinary Voting Shares in the proportion of 1:10 to 450,000,000 Ordinary Voting Shares.
3. On 26/05/2005 150,000,000 Ordinary Voting Shares in the proportion of 3:1 were allotted pursuant to a Bonus Issue.
4. On 14/07/2005 out of 120,000,000 Ordinary Voting Shares offered, 104,752,928 Ordinary Voting Shares of the company were allotted , pursuant to a Rights Issue at Rs. 4.00 per share.
5. On 29/11/2010 existing Ordinary Voting Shares split in the proportion of 1:2.
Total shares in Issue: 1,409,505,596
Top 20 Shareholders as at 31/12/2013
The percentage of Shares held by the Public as at 31st December 2013 was 12.73%
Quote for the day
“The profitability of trading systems seems to move in cycles. Periods during which trend-following systems are highly successful will lead to their increased popularity. As the number of system users increases, and the markets shift from trending to directionless price action, these systems become unprofitable, and undercapitalized and inexperienced traders will get shaken out. Longevity is the key to success.” - Ed Seykota
Sunday, 23 February 2014
A to Z - Motivational Tips
■ A – Achieve your dreams.
Avoid negative people, things and places. Eleanor Roosevelt once said, “the future belongs to those who believe in the beauty of their dreams.” Consume yourself with the motivation to achieve tremendous results from everything you attempt
■ B – Believe in yourself, and in what you can do.
Motivation comes from within, if you trust in your abilities you will come out on top.
■ C – Consider things on every angle and aspect.
Motivation comes from determination. To be able to understand life, you should feel the sun from both sides. Never say never, there is a way of accomplishing anything if you keep an open mind and never give up.
■ D – Don't give up and don't give in.
Thomas Edison failed once, twice, more than thrice before he came up with his invention and perfected the incandescent light bulb. Make motivation as your steering wheel. The only way you lose for sure is when you quit.
■ E – Enjoy. Work as if you don’t need money.
Dance as if nobody’s watching. Love as if you never cried. Learn as if you’ll live forever. Motivation takes place when people are happy. Maintain a positive attitude under any circumstance. Fill your mind with positive thoughts and the whole world will be your playground.
■ F – Family and Friends – are life’s greatest ‘F’ treasures.
Don't lose sight of them. So often we look past our greatest treasures, remain motivated to always seek the treasures in your family bonds.
■ G – Give more than what is enough.
Where does motivation and self improvement take place? At work? At home? At school? When you exert extra effort in doing things. Try to give more than what is asked of you, this shows true self motivation.
■ H – Hang on to your dreams.
They may dangle in there for a moment, but these little stars will be your driving force. Dreams keep us motivated to go after the things that excite us in life. Holding onto your dreams shows a strength in your character of positive expectations.
■ I – Ignore those who try to destroy you.
Don't let other people to get the best of you. Stay away from toxic people – the kind of friends who hates to hear about your success. Surround yourself with positive people and you will all keep each other motivated to seek out the positives in life.
■ J – Just be yourself.
The key to success is to be yourself. And the key to failure is to try to please everyone. Believe in your strengths and live by your positive terms.
■ K – keep trying no matter how hard life may seem.
When a person is motivated, eventually he sees a harsh life finally clearing out, paving the way to self improvement. Motivation keeps you striving for the best, hang onto the values brought on through positive thinking.
■ L – Learn to love yourself.
Now isn't that easy? You cannot give love to others unless you love yourself. Learn how to motivate yourself into working on your own personal development. You will never grow as a person until you learn to take responsibility for your own self improvement.
■ M – Make things happen.
Motivation is when your dreams are put into work clothes. Motivation is one of the strongest characteristics you can have. When you live your life filled with motivation you become a person who really gets things done.
Let’s Take A Motivational Break Now That We Have Made It To The Halfway Mark!
Now you have to ask yourself; is stopping half-way through any projects you have taken on something you find yourself doing often? This tends to be the breaking point for many, they set out to complete a task but at the first sign of trouble they give up because their motivational skills are weak. Is this what happens to you?
It is up to you to not allow your dreams to slip away in night. You must do whatever it takes to keep yourself motivated if you are to achieve any type of significant success in your life. The next time you are working towards a goal and you come across a bit of resistance remember to put your motivational skills to work. It’s
OK to stop and regroup at the halfway mark but that is all that you do, once you are sure you're still on the right path it’s time to get moving again.
■ N – Never lie, cheat or steal.
Always play a fair game. A person with a good moral standing will go further in life than an unmotivated cheat. Never look for short-cuts to good things, this will lead to missed opportunities and challenging possibilities.
■ O – Open your eyes.
People should learn the horse attitude and horse sense. They see things in 2 ways – how they want things to be, and how they should be. Life is full of possibilities, keep the motivation to go after the wonders in the world.
■ P – Practice makes perfect.
Practice is about motivation. It lets us learn repertoire and ways on how can we recover from our mistakes. Maintaining the motivation to work hard towards the things you truly want out of life will bring you more rewards than sitting back and expecting things to happen.
■ Q – Quitters never win.
And winners never quit. So, choose your fate – are you going to be a quitter? Or a winner?
■ R – Ready yourself.
Motivation is also about preparation. We must hear the little voice within us telling us to get started before others will get on their feet and try to push us around. Remember, it wasn’t raining when Noah build the ark. The boy scout motto is “Be Prepared” and this is a way of life we should all adapt to.
■ S – Stop procrastinating.
Nothing kills motivation more then procrastination. Choose to spend your time accomplishing positive things in your life.
■ T – Take control of your life.
Discipline or self control jives synonymously with motivation. Both are key factors in self improvement. When you know what you want out of life and you are motivated to work towards the attainment of your dreams, you will accomplish more then the average person lacking motivation.
■ U – Understand others.
If you know very well how to talk, you should also learn how to listen. Yearn to understand first, and to be understood the second. Understanding another persons problems in life and being motivated to offer help to others, builds your own character.
■ V – Visualize it.
Motivation without vision is like a boat on a dry land. Your mind can bring you whatever you desire in life. Visualize success and success will be yours, visualize defeat or loss and failure will encompass your life. Maintain the motivation to visualize success and achievements.
■ W – Want it more than anything.
Dreaming means believing. And to believe is something that is rooted out from the roots of motivation and self improvement. When you have strong wants this leads to the motivation to attain what you truly desire.
■ X – X Factor is what will make you different from the others.
When you are motivated, you tend to put on “extras” on your life like extra time for family, extra help at work, extra care for friends, and so on. Set yourself apart from others, stand out in the crowd, hold your head up high with pride and conviction.
■ Y – You are unique.
No one in this world looks, acts, or talks like you. Value your life and existence, because you’re just going to spend it once. Use the fact that you are one of a kind to excel at everything you do in life. True motivation is for you and you alone, use it to move forward in life, show your uniqueness.
■ Z – Zero in on your dreams and go for it!!!
Never lose your motivation to go after your dreams because living your dreams means you are living your life.
Source:http://tickledbylife.com/
Avoid negative people, things and places. Eleanor Roosevelt once said, “the future belongs to those who believe in the beauty of their dreams.” Consume yourself with the motivation to achieve tremendous results from everything you attempt
■ B – Believe in yourself, and in what you can do.
Motivation comes from within, if you trust in your abilities you will come out on top.
■ C – Consider things on every angle and aspect.
Motivation comes from determination. To be able to understand life, you should feel the sun from both sides. Never say never, there is a way of accomplishing anything if you keep an open mind and never give up.
■ D – Don't give up and don't give in.
Thomas Edison failed once, twice, more than thrice before he came up with his invention and perfected the incandescent light bulb. Make motivation as your steering wheel. The only way you lose for sure is when you quit.
■ E – Enjoy. Work as if you don’t need money.
Dance as if nobody’s watching. Love as if you never cried. Learn as if you’ll live forever. Motivation takes place when people are happy. Maintain a positive attitude under any circumstance. Fill your mind with positive thoughts and the whole world will be your playground.
■ F – Family and Friends – are life’s greatest ‘F’ treasures.
Don't lose sight of them. So often we look past our greatest treasures, remain motivated to always seek the treasures in your family bonds.
■ G – Give more than what is enough.
Where does motivation and self improvement take place? At work? At home? At school? When you exert extra effort in doing things. Try to give more than what is asked of you, this shows true self motivation.
■ H – Hang on to your dreams.
They may dangle in there for a moment, but these little stars will be your driving force. Dreams keep us motivated to go after the things that excite us in life. Holding onto your dreams shows a strength in your character of positive expectations.
■ I – Ignore those who try to destroy you.
Don't let other people to get the best of you. Stay away from toxic people – the kind of friends who hates to hear about your success. Surround yourself with positive people and you will all keep each other motivated to seek out the positives in life.
■ J – Just be yourself.
The key to success is to be yourself. And the key to failure is to try to please everyone. Believe in your strengths and live by your positive terms.
■ K – keep trying no matter how hard life may seem.
When a person is motivated, eventually he sees a harsh life finally clearing out, paving the way to self improvement. Motivation keeps you striving for the best, hang onto the values brought on through positive thinking.
■ L – Learn to love yourself.
Now isn't that easy? You cannot give love to others unless you love yourself. Learn how to motivate yourself into working on your own personal development. You will never grow as a person until you learn to take responsibility for your own self improvement.
■ M – Make things happen.
Motivation is when your dreams are put into work clothes. Motivation is one of the strongest characteristics you can have. When you live your life filled with motivation you become a person who really gets things done.
Let’s Take A Motivational Break Now That We Have Made It To The Halfway Mark!
Now you have to ask yourself; is stopping half-way through any projects you have taken on something you find yourself doing often? This tends to be the breaking point for many, they set out to complete a task but at the first sign of trouble they give up because their motivational skills are weak. Is this what happens to you?
It is up to you to not allow your dreams to slip away in night. You must do whatever it takes to keep yourself motivated if you are to achieve any type of significant success in your life. The next time you are working towards a goal and you come across a bit of resistance remember to put your motivational skills to work. It’s
OK to stop and regroup at the halfway mark but that is all that you do, once you are sure you're still on the right path it’s time to get moving again.
■ N – Never lie, cheat or steal.
Always play a fair game. A person with a good moral standing will go further in life than an unmotivated cheat. Never look for short-cuts to good things, this will lead to missed opportunities and challenging possibilities.
■ O – Open your eyes.
People should learn the horse attitude and horse sense. They see things in 2 ways – how they want things to be, and how they should be. Life is full of possibilities, keep the motivation to go after the wonders in the world.
■ P – Practice makes perfect.
Practice is about motivation. It lets us learn repertoire and ways on how can we recover from our mistakes. Maintaining the motivation to work hard towards the things you truly want out of life will bring you more rewards than sitting back and expecting things to happen.
■ Q – Quitters never win.
And winners never quit. So, choose your fate – are you going to be a quitter? Or a winner?
■ R – Ready yourself.
Motivation is also about preparation. We must hear the little voice within us telling us to get started before others will get on their feet and try to push us around. Remember, it wasn’t raining when Noah build the ark. The boy scout motto is “Be Prepared” and this is a way of life we should all adapt to.
■ S – Stop procrastinating.
Nothing kills motivation more then procrastination. Choose to spend your time accomplishing positive things in your life.
■ T – Take control of your life.
Discipline or self control jives synonymously with motivation. Both are key factors in self improvement. When you know what you want out of life and you are motivated to work towards the attainment of your dreams, you will accomplish more then the average person lacking motivation.
■ U – Understand others.
If you know very well how to talk, you should also learn how to listen. Yearn to understand first, and to be understood the second. Understanding another persons problems in life and being motivated to offer help to others, builds your own character.
■ V – Visualize it.
Motivation without vision is like a boat on a dry land. Your mind can bring you whatever you desire in life. Visualize success and success will be yours, visualize defeat or loss and failure will encompass your life. Maintain the motivation to visualize success and achievements.
■ W – Want it more than anything.
Dreaming means believing. And to believe is something that is rooted out from the roots of motivation and self improvement. When you have strong wants this leads to the motivation to attain what you truly desire.
■ X – X Factor is what will make you different from the others.
When you are motivated, you tend to put on “extras” on your life like extra time for family, extra help at work, extra care for friends, and so on. Set yourself apart from others, stand out in the crowd, hold your head up high with pride and conviction.
■ Y – You are unique.
No one in this world looks, acts, or talks like you. Value your life and existence, because you’re just going to spend it once. Use the fact that you are one of a kind to excel at everything you do in life. True motivation is for you and you alone, use it to move forward in life, show your uniqueness.
■ Z – Zero in on your dreams and go for it!!!
Never lose your motivation to go after your dreams because living your dreams means you are living your life.
Source:http://tickledbylife.com/
"Plan Your Trade and Trade Your Plan."
Your Stock Trading Efforts Are Doomed To Failure without This..........
So many of us seem to lose money, or at best are just fortunate to break even in the stock market. Have we ever wondered why?
Quite often, beginning traders get excited when they get lucky and one or two of their stock picks turns into a profitable trade. The thought then naturally follows that this "stock trading thing is pretty easy!" With so many books, magazines and info available on the internet devoted to trading and investing strategies, the excited trader then starts devouring every bit of information they can get hold of. Their new-found knowledge will certainly ensure success - right?
Quite possibly, with this newly acquired plethora of knowledge, trading can go pretty well for a time. Sooner or later, at some point when they hit a snag and see their profits starting to dwindle, the thought then naturally occurs "what am I doing wrong?" It can be both frustrating and disappointing. It's not monopoly money you're playing with, after all.
Time to reign things in and get a real Stock Trading Plan. That's what's been missing from the start. Even when you set out with the best of intentions, and armed to the teeth with all the knowledge available - if there isn't a proper Trading Plan to follow, you're doomed to failure. You just can't implement everything at the same time. You have to pick a few strategies - and stick with them.
It seems so simple, doesn't it? But in our information age, it's so easy to get overwhelmed with all the available knowledge; use a little of this, a little of that, and you just end up hurting yourself and getting discouraged. It's wise to use a few strategies when you know how to implement them, and that in itself becomes a strategy that will work for you when you know what you're doing.
It's more than wise to devote some time to create a stock trading plan for yourself - and stay the course. Stick with your plan, and make adjustments along the way. See what works and what doesn't work so well for you. In doing that you will educate yourself by understanding the why of what works and what doesn't. This can only help to improve your overall trading plan.
Learn from your mistakes - like every other trader has done before you. Don't give up, only to start over from scratch. Put your lessons to good use in adjusting your trading plan. But above all - have a plan.
Edited article from stocktrading4wealth
So many of us seem to lose money, or at best are just fortunate to break even in the stock market. Have we ever wondered why?
Quite often, beginning traders get excited when they get lucky and one or two of their stock picks turns into a profitable trade. The thought then naturally follows that this "stock trading thing is pretty easy!" With so many books, magazines and info available on the internet devoted to trading and investing strategies, the excited trader then starts devouring every bit of information they can get hold of. Their new-found knowledge will certainly ensure success - right?
Quite possibly, with this newly acquired plethora of knowledge, trading can go pretty well for a time. Sooner or later, at some point when they hit a snag and see their profits starting to dwindle, the thought then naturally occurs "what am I doing wrong?" It can be both frustrating and disappointing. It's not monopoly money you're playing with, after all.
Time to reign things in and get a real Stock Trading Plan. That's what's been missing from the start. Even when you set out with the best of intentions, and armed to the teeth with all the knowledge available - if there isn't a proper Trading Plan to follow, you're doomed to failure. You just can't implement everything at the same time. You have to pick a few strategies - and stick with them.
It seems so simple, doesn't it? But in our information age, it's so easy to get overwhelmed with all the available knowledge; use a little of this, a little of that, and you just end up hurting yourself and getting discouraged. It's wise to use a few strategies when you know how to implement them, and that in itself becomes a strategy that will work for you when you know what you're doing.
It's more than wise to devote some time to create a stock trading plan for yourself - and stay the course. Stick with your plan, and make adjustments along the way. See what works and what doesn't work so well for you. In doing that you will educate yourself by understanding the why of what works and what doesn't. This can only help to improve your overall trading plan.
Learn from your mistakes - like every other trader has done before you. Don't give up, only to start over from scratch. Put your lessons to good use in adjusting your trading plan. But above all - have a plan.
Edited article from stocktrading4wealth
Saturday, 22 February 2014
Quotes for the day
“Learn from your mistakes. Don't be misled by the day-to-day fluctuations in your equity. Focus on whether what you are doing is right, not on the random nature of any single trade's outcome.” - Richard Dennis
Quote for the day
“The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone. First, the fundamentals should suggest that there is an imbalance of supply and demand, which could result in a major move. Second, the chart must show that the market is moving in the direction that the fundamentals suggest. Third, when news comes out, the market should act in a way that reflects the right psychological tone.” - Michael Marcu
Friday, 21 February 2014
21-Feb-2014 CSE Trade Summary
Following Stocks Reached New Low on 21/02/2014
Crossings - 21/02/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_842_21-02-2014.pdf
Top 10 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the week ending 20/02/2014
Company Fact Sheet: Sri Lanka Telecom PLC - SLTL:N0000
About the company:
Established: 1974 Quoted Date: 2003-01-14 Sector: Telecommunications
Sri Lanka Telecom PLC is a Sri Lanka-based company engaged in the provision of a portfolio of telecommunication services in Sri Lanka. Its main activities include domestic and international fixed and mobile telephone services. In addition, the range of services provided by the Company comprises Inter-alia, Internet services, Internet Protocol Television (IPTV), WiMAX operations, data services, domestic and international leased circuits, frame relay, satellite uplink and maritime transmission. The Company operates in four main business segments: Fixed telephony operations (including Code Division Multiple Access operations), International Gateway Operations, Mobile telephony operations and Other services. The Company's wholly owned subsidiaries include Mobitel (Private) Limited, SLT VisionCom (Private) Limited, SLT (Hong Kong) Limited, SLT Publications (Private) Limited and Sky Network (Private) Limited.
Chairman: Mr N. Welgama
CEO: Mr L. De Silva
Mr Chan Chee Beng
Mr Jeffrey Jay Blatt
Mr Jayantha Dharmadasa
Mr Shameendra Rajapaksa
Mr Kalinga Indatissa
Mr Lawrence Paratz
Mr Lawrence Paratz
Ms Pushpa Wellappili
52 Weeks Low: 33.00 52 Weeks High: 45.50
Average Trading Volume: 384,210
Company Financial at a glance:
Click Table to Enlarge
Total shares in Issue: 1,804,860,000
Top 20 Shareholders as at 30/09/2013
Quote for the day
“Taking a loss is hard to do because it's an admission that you've been wrong. But in the market, being wrong some of the time is part of the game. On each trade, you have to establish your 'uncle point,' the point where you'll get out of a losing position, and you have to have the mental discipline to pull the trigger at that point.” - Marty Schwartz
Thursday, 20 February 2014
20-Feb-2014 CSE Trade Summary
Following Stocks Reached New High / Low on 20/02/2014
Crossings - 20/02/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_984_20-02-2014.pdf
Top 5 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the day
Subscribe to:
Posts (Atom)